A small business assessment of workers' compensation : 2015 small business workers' compensation index

In calculating the overall score, the seven subindexes are weighted based on the results of CFIB’s Point of View: Workers’ Compensation 2015 survey, in which business owners were asked about the priority level for each area of the workers’ compensation system. [...] The system in Alberta earns the highest score for the Cost of Premiums subindex, British Columbia’s system scores the best for the Experience Rating subindex, and Quebec’s system receives the highest score for the Long-term Financial Sustainability subindex. [...] The higher the frequency of lost time claims, the higher the cost to the workers’ compensation system. [...] The greater the reduction of the average premium rate, the higher the score. [...] As a result, the lower the ratio of maximum surcharge to maximum discount levels, the higher the score.